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ACCOUNTING STANDARDS ADOPTIONS (Tables)
 3 Months Ended
Mar. 31, 2018
ACCOUNTING STANDARDS ADOPTIONS [Abstract]  
Condensed Consolidated Financial Statements Impacted by ASU 2014-09
The following table summarizes the financial statement line items within the Company’s condensed consolidated financial statements impacted by ASU 2014-09 (in thousands):
 
 
 
Three months ended March 31, 2018
 
 
 
As Reported
  
Balances
without
Adoption of
ASC 606
  
Effect of
Change
 
 
 
 
 
Statements of earnings:
         
Distribution and services revenues
 
$
401,285
  
$
428,585
  
$
(27,300
)
Costs of sales and operating expenses
 
$
553,317
  
$
574,817
  
$
(21,500
)
Operating income
 
$
50,720
  
$
56,520
  
$
(5,800
)
Earnings before taxes on income
 
$
42,531
  
$
48,331
  
$
(5,800
)
Provision for taxes on income
 
$
(9,865
)
 
$
(11,216
)
 
$
1,351
 
Net earnings attributable to Kirby
 
$
32,471
  
$
36,920
  
$
(4,449
)
 
            
Statements of comprehensive income:
            
Net earnings
 
$
32,666
  
$
37,115
  
$
(4,449
)
Comprehensive income attributable to Kirby
 
$
25,396
  
$
29,845
  
$
(4,449
)
 
            
Balance sheets:
            
Trade receivables
 
$
485,865
  
$
495,875
  
$
(10,010
)
Inventories
 
$
372,182
  
$
350,682
  
$
21,500
 
Total assets
 
$
5,714,500
  
$
5,703,010
  
$
11,490
 
Deferred revenues
 
$
81,216
  
$
63,926
  
$
17,290
 
Deferred income taxes
 
$
517,421
  
$
518,772
  
$
(1,351
)
Retained earnings
 
$
2,677,611
  
$
2,682,060
  
$
(4,449
)
Total liabilities and equity
 
$
5,714,500
  
$
5,703,010
  
$
11,490
 
 
            
Statements of cash flows:
            
Net earnings
 
$
32,666
  
$
37,115
  
$
(4,449
)
Provision for deferred income taxes
 
$
8,846
  
$
10,197
  
$
(1,351
)
Decrease in cash flows resulting from changes in operating assets and liabilities, net
 
$
(87,926
)
 
$
(76,436
)
 
$
(11,490
)